OFI Invest Asset Management Has $25.11 Million Stock Position in International Flavors & Fragrances Inc. $IFF

OFI Invest Asset Management boosted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 92.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 407,989 shares of the specialty chemicals company’s stock after acquiring an additional 195,786 shares during the quarter. OFI Invest Asset Management’s holdings in International Flavors & Fragrances were worth $25,108,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC increased its holdings in shares of International Flavors & Fragrances by 189.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 47,318 shares of the specialty chemicals company’s stock worth $2,912,000 after acquiring an additional 30,980 shares during the last quarter. Brighton Jones LLC acquired a new position in shares of International Flavors & Fragrances in the third quarter valued at $387,000. Hedges Asset Management LLC raised its position in shares of International Flavors & Fragrances by 58.9% in the third quarter. Hedges Asset Management LLC now owns 17,800 shares of the specialty chemicals company’s stock valued at $1,095,000 after purchasing an additional 6,600 shares during the period. Czech National Bank boosted its holdings in shares of International Flavors & Fragrances by 4.1% during the 3rd quarter. Czech National Bank now owns 65,092 shares of the specialty chemicals company’s stock worth $4,006,000 after buying an additional 2,568 shares during the period. Finally, Oak Thistle LLC grew its stake in International Flavors & Fragrances by 14.2% in the 3rd quarter. Oak Thistle LLC now owns 17,734 shares of the specialty chemicals company’s stock valued at $1,091,000 after buying an additional 2,208 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on IFF. Weiss Ratings restated a “sell (d-)” rating on shares of International Flavors & Fragrances in a research report on Monday, December 15th. Citigroup dropped their price target on International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating for the company in a report on Monday, October 6th. Barclays upped their price objective on International Flavors & Fragrances from $72.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Bank of America dropped their target price on International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Finally, Tigress Financial reissued a “buy” rating and issued a $105.00 target price on shares of International Flavors & Fragrances in a research report on Tuesday, August 26th. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $85.02.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $66.56 on Tuesday. The business has a fifty day moving average price of $65.24 and a two-hundred day moving average price of $67.87. The stock has a market capitalization of $17.05 billion, a PE ratio of -41.09, a P/E/G ratio of 2.67 and a beta of 1.03. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.87. International Flavors & Fragrances Inc. has a fifty-two week low of $59.14 and a fifty-two week high of $88.09.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.65 billion. International Flavors & Fragrances had a positive return on equity of 8.03% and a negative net margin of 3.72%.International Flavors & Fragrances’s revenue was down 7.9% on a year-over-year basis. During the same quarter last year, the business earned $1.04 earnings per share. As a group, equities analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 19th will be given a $0.40 dividend. The ex-dividend date is Friday, December 19th. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. International Flavors & Fragrances’s payout ratio is presently -98.77%.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.